Pacer Advisors Inc. Lowers Position in Terreno Realty Co. (NYSE:TRNO)

Pacer Advisors Inc. lessened its position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 37.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,632 shares of the real estate investment trust's stock after selling 43,008 shares during the period. Pacer Advisors Inc. owned 0.07% of Terreno Realty worth $4,236,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Stifel Financial Corp raised its stake in Terreno Realty by 39.3% during the third quarter. Stifel Financial Corp now owns 92,115 shares of the real estate investment trust's stock worth $6,156,000 after buying an additional 25,988 shares during the last quarter. Barclays PLC raised its stake in Terreno Realty by 131.0% during the third quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock worth $11,360,000 after buying an additional 96,380 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Terreno Realty by 22.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust's stock worth $115,475,000 after buying an additional 315,506 shares during the last quarter. Geode Capital Management LLC raised its stake in Terreno Realty by 0.4% during the third quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust's stock worth $161,423,000 after buying an additional 8,940 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in Terreno Realty during the third quarter worth $225,000.

Analyst Ratings Changes

TRNO has been the subject of several research analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $72.00 price target on shares of Terreno Realty in a research note on Monday, January 6th. Scotiabank lowered their price target on Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating for the company in a research report on Friday, October 25th. StockNews.com cut Terreno Realty from a "hold" rating to a "sell" rating in a research note on Friday, October 11th. Barclays restated an "equal weight" rating and set a $60.00 price objective (down from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Terreno Realty in a research note on Tuesday, January 14th. They set a "hold" rating and a $60.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $67.50.

Terreno Realty Stock Performance

Shares of TRNO stock traded down $0.15 on Monday, hitting $65.27. 1,003,328 shares of the stock were exchanged, compared to its average volume of 855,668. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $6.51 billion, a PE ratio of 35.86, a P/E/G ratio of 2.74 and a beta of 0.91. Terreno Realty Co. has a one year low of $53.78 and a one year high of $71.63. The firm's 50 day moving average is $60.99 and its two-hundred day moving average is $64.09.

Terreno Realty (NYSE:TRNO - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.24). The firm had revenue of $99.64 million for the quarter, compared to the consensus estimate of $96.31 million. Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. Sell-side analysts expect that Terreno Realty Co. will post 2.42 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.00%. Terreno Realty's payout ratio is 107.69%.

Terreno Realty Company Profile

Terreno Realty Corporation (Terreno, and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, DC All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited.